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Russian Prime Minister: Ukraine Owes Us $16 Billion

ReutersMar 21, 2014, 15:35 IST

REUTERS/Natalia Kolesnikova/Pool Russia's President Vladimir Putin (R) speaks with then-First Deputy Prime Minister Dmitry Medvedev (L) at a session of the Council for National Projects in Moscow's Kremlin on March 7, 2007.

MOSCOW (Reuters) - Russian Prime Minister Medvedev said in a meeting with President Vladimir Putin on Friday that in total Ukraine owes Russia $16 billion, local news agencies reported.

Medvedev said that Ukraine owes Russia $11 billion because the treaty under which Russia provides Ukrainewith cheap gas in return for the Sevastopol naval base was "subject to denunciation".

In addition, he said that Ukraine owes Russia $3 billion for a recent loan in the form of Russian purchase of Eurobonds, and that around $2 billion is owed to Gazprom, Russia's state-controlled gas concern.

(Reporting by Jason Bush; Editing by Lidia Kelly)